Sponsor of the Bulldogs
Site Search
Loading
Register Now
Share Easy-Forex
Play the Easy Forex Online Game
Free 2012 Forex Guide

Now it's FREE - The New 2014 Forex eBook! Years of experience in Forex trading have gone into this book.

Fine Our More

Smart Investor Award

USD Trading Outlook


 
30.10.2014-27.10.2014 24.10.2014-20.10.2014 17.10.2014-13.10.2014 10.10.2014-8.10.2014 3.10.2014-29.9.2014 26.9.2014-22.9.2014 19.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012

25th July

AUD/USD After the post-China PMI inspired gains faded in Asia, Europe made sure they were completely erased as the pair slipped towards 0.9430 before bouncing near 0.9445 into NY's open. NY applied bearish pressure on the pair as the USD was generally bid and the EUR crosses firmed. EUR/AUD bounced off hourly support near 1.4250 and ascended towards 1.4310/15 to aid in further losses for AUD/USD. The pair slid early in NY and accelerated a bit upon breaking below 0.9430 after US claims data came in better than f/c to send US bond yield higher. A low of 0.9410 was hit. A meager bounce towards 0.9430 was repelled after the IMF lowered global growth forecasts which made particular note of China slowing. Late in the day the pair sat just above the day's low. Recent longs may have some concerns. The TL off the Oct high capped another rally and the daily RSI diverged on today's high. A retest of key s-t support near 0.9320/30 cannot be ruled out.

24th July

AUD/USD Europe added to Asia's gains and pushed AUD/USD to a 0.9455 high ahead of NY's open. Asian offers into the July 10 high aided to stem the rise. The pair sat just below that high as NY got going. Early action saw a dip towards 0.9435 but buyers were waiting and the pair returned to the day's highs later in the afternoon. Buys of AUD vs. GBP, EUR and NZD aided to keep AUD/USD elevated for the NY session. Some stops are noted above 0.9465 and may be targeted in Asia if the pair doesn't see a meaningful pullback soon. If the stops are run the July high is then in play. There is not much in the way of major OZ data due until the end of July so cues for trading will come from geopolitical an foreign sources mostly. For now the bulls have the edge as yield spreads widen and day/week RSIs provide positive momentum. They have work to do though as the 0.9460/00 zone sees some decent resistance. Old and new T-Ls, the July high and the 76.4 Fib of 0.9758-0.8660 sit in that zone. If broken, longer-term bulls will be looking at the October high.

22th July

AUD/USD The pair held to the lower end of the day's limited rage for the NY session. Offers in the 0.9400/10 region loomed and with fairly significant risk events coming up bulls weren't in a mod to push. the pair was pinned below 0.9385 for most of ht NY session as traders awaited speeches RBA Chief Stevens' Anika Foundation and Asst governor Debelle's due later. Traders don't expect a great deal of mention of the AUD in the speeches but any mention of AUD is will likely be an effort to jawbone it lower. After the speeches traders then focus their attention to US CPI and AU Q2 CPI. US inflation is expected unch while AU is f/c to tick a bit higher. Bears will need the stars to align and see US above f/c and AU below estimates to gain control of AUD/USD. If they get their wish, it's likely 0.9320/30 support will see a serious test. If broken the 200-DMA and May low will get tested. If the CPI results end up being bullish for AUD it's likely 0.9450/60 resistance and the July high gets tested.

21th July

AUD/USD Europe rallied AUD/USD towards 0.9390/95 resistance after another attempt to break below the daily cloud and 0.9320/30 support failed in Asia. Early NY was quiet until Canadian CPI came out above f/c. commodity currencies went bid across the board after the data. AUD/USD spiked up to 0.9411 and shook out some weak hands. The pair quickly reversed those gains though as the USD went bid against most of the major currencies with EUR & GBP the biggest losers. from the high, AUD/USD dived down to 0.9366 but no further losses were possible. EUR/USD's break below 1.3500 saw minimal follow through and risk sentiment improved to send US equities higher. AUD/USD climbed for the rest of the session and sat near 0.9395 late in the day. AUD/USD bears are frustrated and may get squeezed further as daily RSI turns up and the cloud cannot be broken. A long lower wick on the weekly candle suggests bulls are putting up a fight as well. Stops are noted above today's high and if run 0.9455/60 is targeted. RBA speeches from Stevens & Debelle plus Oz Q2 CPI present risks to bullish sentiment next week.


  Go to U.S. Dollar (USD) Archive